Hotel occupancies to keep on rising

Hotel occupancies to keep on rising
By admin


Hotel room occupancies are expected to reach their highest levels for several decades by 2014, driven up by rising international visitor numbers and continued growth in the domestic business sector, new research has revealed.
The Deloitte Access Economics Tourism and Hotel Marketing Outlook for Q1 2012 predicted that occupancies would rise from 65% in 2012 to 68% by the end of 2014.
Spokesman Lachlan Smirl revealedthat room rates were also expected to rise over the same period by an average annual growth rate of 3.8%, to reach an average $150 by the end of 2012, and climb to $160 by the end of 2014.
“Particularly in capital city CBDs, hotels have continued to perform strongly,” he said. “Business travel demand is up, and the gains on that front have been sufficient to encourage operators to edge up room rates.”
But Smirl warned of the divergence between tightening CBD markets and softer conditions in regional areas, highlighting the problems this posed for other tourism sectors.
“With the pipeline of hotel investment looking modest, the challenge of ensuring a sustainable level of capacity while not unduly undermining returns to existing investors will be increasingly important for the industry over coming years,” he said.

Email the Travel Weekly team at traveldesk@travelweekly.com.au

hotels

Latest News

  • Destinations
  • Tourism

NYC Tourism + Conventions announces two exciting new events

NYC Tourism + Conventions has announced ‘NYC Off-Broadway Week 2025’ and ‘Value Family Activities’ events lined up for this year. NYC Off-Broadway Week 2025 2-for-1 ticket sales for this event have begun with this season’s program featuring 29 Off-Broadway performances, including 18 new participants. The twice-yearly program runs from 17 February through 9 March with […]

  • Events
  • Tourism

Jeju wins bid to host 2028 Asia-Pacific Microscopy Conference

The Korea Tourism Organization (KTO) has successfully secured the 14th Asia-Pacific Microscopy Conference (APMC14) for Jeju in November 2028. This was achieved in partnership with the Korean Society of Microscopy, Jeju Special Self-Governing Province, Jeju Convention Bureau, and Jeju International Convention Center. Korea was selected as the final host after strong competition at the 13th […]

  • Cruise
  • Food & Beverage

Oceania Cruises sets new standard for onboard dining: one chef for every 10 guests

Oceania Cruises, renowned for The Finest Cuisine at Sea, has set a new standard for onboard dining with an exquisite new menu evolution in The Grand Dining Room. Launching on its newest 1,200-guest ship, Allura, in July 2025, the reimagined menus introduce over 270 brand-new recipes, from curated Signature Eggs Benedict breakfast selection to a chic French […]

  • Tour Operators

Clayoquot Wilderness Lodge celebrates 25th anniversary with new adventures

Baillie Lodges has announced that it is celebrating the 25th anniversary of its Clayoquot Wilderness Lodge with a range of new helicopter experiences for the 2025 season. Kicking off on 22 May, the 2025 season promises five months of generously inclusive luxury adventures for guests in nature’s own playground where black bears forage shoreside, whales, […]